Finance of Greece
The minimum monthly wage in Greece is 762 USD. With regard to consumer prices, the inflation rate in Greece is -0.8%. The currency of Greece is euro. There are several plural forms of the name 'euro'. These are euro, euros. The symbol used for this currency is €, and it is abbreviated as EUR. The euro is divided into cent; there are 100 in one euro. Each year, consumers spend around $172,484 million. The ratio of consumer spending to GDP in Greece is 0.07%, and the ratio of consumer spending to the world consumer market is 40%. The corporate tax in Greece is set at 29%. Personal income tax ranges from 22% to 42%, depending on your specific situation and income level. VAT in Greece is 24%.
Gross Domestic Product
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Greece is $285,297 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Greece was last recorded at $25,605,177. PPP in Greece is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Greece is 242,230 billion. Based on this statistic, Greece is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Greece. The Gross Domestic Product (GDP) per capita in Greece was last recorded at $21,739,948. The average citizen in Greece has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Greece averaged 0.6% in 2014. According to this percentage, Greece is currently experiencing modest growth. Countries that are experiencing modest growth offer safe opportunities for investment; their expanding economy indicates that businesses, jobs, and income will expand accordingly.